There has been published in the Official Journal of the EU (the OJ) a European Commission Delegated Regulation supplementing the Capital Requirements Regulation (CRR) with regards to regulatory technical standards for the transitional treatment of equity exposures under the internal ratings-based (IRB) approach.
Under the Delegated Regulation, national competent authorities may afford to institutions and EU subsidiaries of institutions the exemption from the IRB treatment referred to in Article 495(1) of the CRR only with regards to those categories of their equity exposures that on 31 December 2013 were already benefiting from an exemption from the IRB treatment.
The Delegated Regulation will come into force 20 days after its publication in the OJ, i.e. on 9 October 2015.
